CME Group Stock Price, News & Analysis

The CME Group Foundation has awarded $20,000 scholarships each to 18 Black and Latinx students majoring in finance and technology at 11 partner institutions in Illinois. This initiative, aimed at ensuring students can complete their degrees, has awarded over $2.5 million in scholarships since its launch in 2019, benefiting a total of 69 students. The program allows recipients to reapply for funding up to three times, potentially totaling $60,000. The foundation emphasizes equitable growth opportunities and career exposure in financial services through educational support.

CME Group reported record-breaking metrics for SOFR options, with open interest (OI) hitting 10.36 million contracts on August 9, 2022, and a single-day OI of 17.66 million contracts. August's average daily volume (ADV) for SOFR futures and options reached 2,456,246 contracts, while SOFR options ADV stood at 606,225 contracts, marking a significant increase from July. These achievements position SOFR options among the top three largest fixed income listed options markets, enhancing their liquidity and risk management capabilities for global clients.

CME Group announced the launch of real-time streaming for its CME Group Volatility Indexes (CVOL), enhancing market participants' ability to gauge market risk. This service enables investors to monitor implied volatility across 27 futures products and six aggregate markets. According to Derek Sammann, Senior Managing Director, the CVOL indexes provide essential insights for traders and analysts amid global economic uncertainty. Streaming CVOL is accessible via CME Direct and will soon be available on multiple platforms.

CME Group has announced the upcoming launch of European Overnight Index futures based on RepoFunds Rate (RFR) benchmarks and the Euro Short-Term Rate (€STR) in Q4 2022, pending regulatory approval. These cash-settled contracts will provide market participants with effective tools for hedging overnight money market and repo rates in Europe, amid ongoing geopolitical uncertainties. The RFR benchmarks are derived from centrally cleared repo trades, administered by CME Group Benchmark Administration. This move is expected to enhance risk management for customers dealing with sovereign debt in Europe.

CME Group announced a third-quarter dividend of $1.00 per share, set to be paid on September 27, 2022. Shareholders of record as of September 9, 2022 will be eligible for this dividend. As the leading derivatives marketplace, CME Group empowers clients to trade across various asset classes, offering a wide range of global benchmark products. This dividend declaration reflects the company's commitment to returning value to its shareholders, reinforcing confidence in its ongoing financial stability.

CME Group announced the expansion of its collateral policy to include Short-Term U.S. Treasury Exchange Traded Funds (ETFs) for initial margin requirements. This move enhances flexibility and efficiency for clearing members, allowing them to manage collateral costs more effectively. By accepting a wider range of collateral, CME Clearing aims to provide additional capital efficiencies. The initiative is expected to benefit market participants by simplifying the management of treasury portfolios and improving funding solutions. For more information, visit CME's official site.

The Purdue University/CME Group Ag Economy Barometer rose by 6 points in July to a reading of 103, indicating increased optimism among producers regarding current and future farm economic conditions. The Index of Current Conditions rose to 109, while the Index of Future Expectations reached 100. However, these indices remain 23-24% lower than last year. Producers expressed concerns about rising input prices (42%), lower crop prices (19%), and interest rates (17%). Despite some optimism, 49% expect their farms to be financially worse off next year.

CME Group reported a 20% growth in average daily volume (ADV) for July 2022, reaching 20.4 million contracts. The increase was driven by significant growth in Equity Index contracts, which saw a 40% rise, notably in micro and E-mini contracts. Additional highlights include record open interest for SOFR options and futures on July 29, with a total of 8.7 million and 7.3 million contracts, respectively. Other asset classes like Foreign Exchange and Interest Rate also experienced notable increases, enhancing CME Group's position in the derivatives market.